Never miss a story — sign up for PLANSPONSOR newsletters to keep up on the latest retirement plan benefits news.
Products April 22, 2010
Firms Offer Leveraged Banking ETFs
April 22, 2010 (PLANSPONSOR.com) – ProShares, a manager of leveraged and inverse ETFs, and KBW, an investment bank specializing in the financial services sector, have launched ETFs providing leveraged or inverse exposure to the regional banking sector.
Reported by Fred Schneyer
The ETFs seek to provide 200% or -100% of the return of the KBW Regional Banking Index for a single day, before fees and expenses.
The KBW Regional Banking Index was created and is managed by KBW.
The new ProShares ETFs, Ultra KBW Regional Banking (KRU) and Short KBW Regional Banking (KRS), are scheduled to list on NYSE Arca Thursday.